Dandee Lions, Inc. has a cash balance of $105,000, accounts payable of $290,000, inventory of $213,000, accounts receivable of $310,000, notes payable of $95,000, and accrued wages and taxes of $65,000. How much net working capital does the firm need to fund?
A) $8,000
B) $83,000
C) $178,000
D) $18,000
Correct Answer:
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